The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 487.00
Bid: 487.15
Ask: 487.30
Change: 4.00 (0.83%)
Spread: 0.15 (0.031%)
Open: 488.25
High: 489.05
Low: 483.60
Prev. Close: 483.00
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

OIL FUTURES: Crude Prices Consolidate After Friday's Falls

Mon, 19th Jul 2010 12:18

By Paddy Gourlay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil futures are stable Monday morning, trading within a narrow range, although prices have been mainly in negative territory during the session despite modest gains in European equities and a firmer euro against the dollar. Prices fell sharply Friday afternoon amid disappointing U.S. economic data and weaker equity markets. But trading volumes have been thin in both U.S. and European oil futures since the markets opened at 2200 GMT Sunday, and prices have moved within a 50 cents range. "There is not much news out there to drive the price," said a broker at London-based Bache Commodities. At 1102 GMT, the front-month September Brent contract on London's ICE futures exchange was 1 cent higher at $75.38 a barrel. The front-month August light sweet crude contract, called West Texas Intermediate, on the New York Mercantile Exchange was trading 1 cent lower at $76 a barrel. Before the latest jitters about economic growth, crude prices had risen to hover either side of $78 a barrel Wednesday as market participants increased their net long positions in Brent and WTI contracts. Money managers, including hedge funds, raised their net long position in Nymex crude oil futures to 85,962 in the week ended July 13, up 56% on the previous week, according to data released Friday by the Commodity Futures Trading Commission. "The increase in positions could hint at an increase in oil prices, as money managers historically have a good record predicting oil price movements in the short-term," said David Wech, analyst at JBC Energy. Meanwhile, there was an explosion at the weekend of two oil pipelines at the Chinese Port of Dalian, which has closed the area to shipping for at least four days, a Singagore shipping agent told Dow Jones Newswires. BP PLC (BP) also suffered a further setback in its attempts to plug the oil leak in the Gulf of Mexico, after seepage was reportedly found around the cap. The ICE's gasoil contract for August delivery was $4.25 higher at $642.75 a metric ton, while Nymex gasoline for August delivery was 0.13 cents higher at 204.99 cents a gallon. -By Paddy Gourlay, Dow Jones Newswires; 4420-7842-9364; patrick.gourlay@dowjones.com (END) Dow Jones Newswires July 19, 2010 07:18 ET (11:18 GMT)
More News
27 May 2024 11:00

BP, EOG Resources in talks to jointly develop Trinidad gas field

May 27 (Reuters) - Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said.

Read more
25 May 2024 17:56

South Africa's Central Energy Fund acquires Durban refinery land, assets

CAPE TOWN, May 25 (Reuters) - South Africa's state-owned Central Energy Fund has acquired land and assets at the country's largest refinery which has been out of operation for the last two years, the energy ministry said on Saturday.

Read more
23 May 2024 21:40

Republican-led states ask Supreme Court to quash Big Oil climate lawsuits

May 23 (Reuters) - Nineteen Republican attorneys general have filed a rare complaint directly with the U.S. Supreme Court asking it to block several Democratic-led states from pursuing climate change-related litigation against major oil and gas companies in state courts.

Read more
22 May 2024 21:54

US lawmakers urge Justice Department to probe climate deception by Big Oil

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on climate change.

Read more
22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth.

Read more
22 May 2024 00:01

US Cash Products-Chicago RBOB surges after refinery issues

NEW YORK, May 21 (Reuters) - Cash differentials for RBOB gasoline surged on Tuesday after a refinery that has faced operational issues in recent days bid higher for supplies, traders said.

Read more
16 May 2024 17:53

European shares snap nine-day winning streak as Siemens weighs

Roche gains on obesity drug results from early-stage trial

*

Read more
16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

*

Read more
16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

Read more
16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

Read more
16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract wins.

Read more
16 May 2024 09:02

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

BANGKOK, May 16 (Reuters) - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron.

Read more
14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

Read more
14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

Read more
14 May 2024 10:02

(OFFICIAL)-Foreign investment in Germany reaches new record

BERLIN, May 14 (Reuters) - Foreign companies announced record levels of new investment in Germany last year despite the economic downturn and high energy prices, according to an analysis published on Tuesday by the federal development agency Germany Trade and Invest (GTAI).

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.